Mediworld Dec JanFinal Draft for print

Events
'UAE pharmaceutical market
to grow to AED14.11 billion by 2020'
The pharmaceutical market in the United Arab Emirates
is expected to grow from AED9.61 billion in 2016 to
AED14.11 billion by 2020, driven by increased healthcare
expenditure, mandatory health insurance, and growing
medical tourism.
This was stated by the participants in the Pharmaceutical
Research & Manufacturers Association Gulf
Forum, PhRMAG 2017, recently held in Dubai under the
patronage of H.H. Sheikh Hamdan bin Rashid Al
Maktoum, Deputy Ruler of Dubai and UAE Minister of
Finance, and President of the Dubai Health Authority.
In its maiden edition, the Forum is running under the
theme "Enhancing Knowledge-Based Economy to
Advance Human Health," bringing together private and
public sector stakeholders to examine the most pressing
issues concerning patients, healthcare providers and
the biopharmaceutical sector while also exploring the
role of innovative medicines in terms of saving lives,
reducing mortality rates and mitigating expensive
hospitalizations for patients.
Delivering the event's inaugural speech, Humaid Al
Qutami, Chairman of the Board and Director-General of
the Dubai Health Authority, said that great strides have
been made in the pharmaceutical industry across the
GCC region over the past decades, with Gulf
pharmaceutical companies managing to keep pace with
the rapid and multi-faceted changes occurring
worldwide in the healthcare scene by forming robust
partnerships with key players in the market.
Dr. Amin Hussein Al Amiri, Assistant Under-Secretary
for Public Health Policy and Licensing Sector, UAE
Ministry of Health and Prevention, MOHAP, offered his
i n s i g h t s o n a t o p i c t i t l e d , " T h e i n n o v a t i v e
biopharmaceutical industry invests in research and
development and capital improvements, what are the
opportunities for the Gulf countries in this strategic,
dynamic sector?"
"In keeping with the directives of the country's wise
leadership and the National Strategy for Innovation, the
Ministry of Health and Prevention is sparing no efforts to
provide healthcare services that prioritize safety of
patients in the first place," he said, affirming the
ministry's unshakable commitment to providing best
healthcare services to the people of the UAE in line with
best international practices and standards.
PhRMAG Forum 2017 witnessed the participation of
nearly 200 delegates with 10 expert speakers and
specialists from the UAE and abroad to primarily focus
on the "Value of partnership between PhRMAG and
various other key stakeholders" in delivering the best
quality healthcare systems for patients in the UAE.
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